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Food prices

Food prices

With memories of peak prices in 2007-8 still vivid, manufacturers must keep a close watch on commodity markets. Sudden shifts can have a massive, overnight impact on costs - and worsen food insecurity in developing countries.

Morocco’s argan oil story: Feminism, food and encroaching deserts

The Moroccan government and export markets are finally sitting up and paying attention to the country's argan oil production, according to the founder of a network of all-female co-operatives....

Turning emotions in to actions: Why do consumers spend more on ethical products?

Ethical consumption, and consumer willingness to pay more for ethical products, is motivated by a need to turn emotions about unethical practices into action, say researchers.

Oxfam calls for greater controls on huge agri public–private partnerships

The increasing trend towards government investment partnerships with large multinationals threatens land rights, equality and the environment in Africa, an Oxfam report warns.

Commission has not misled on transatlantic trade impact, says letter to lobbyists

The European commissioner for trade has denied overstating possible economic benefits of the landmark Transatlantic Trade and Investment Partnership (TTIP), according to a response letter to NGO concerns....

Nestlé, ADM and Cargill can’t escape liability for cocoa child slavery, rules court

A US appeal court has ruled that Nestlé, ADM and Cargill can be held to account for aiding and abetting child slavery in Côte D’Ivoire and has allowed a US...

Grocery and Primark offset poor sugar prices for ABF

Strong profit performances by Associated British Foods’s (ABF’s) grocery and ingredients divisions and Primark will help to offset lower sugar prices and currency factors, predicted the food giant in a...

‘Expect the unexpected’ when inspecting food, FERA tells industry following Elliott Review

The food industry needs to take a holistic approach when examining supply chains and not just target specific contaminant risks, the UK government’s Food and Environment Research Agency (FERA) has...

European meat market stable despite Russian embargo, Brussels expert says

The European meat market is not in crisis following the embargo imposed by Russia on meat from the European Union (EU), a European Commission expert has told GlobalMeatNews.

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‘Then there were two’: Cargill takes risk by entering industrial chocolate ‘duopoly’

Cargill joins Barry Callebaut as the joint industrial chocolate powerhouse after its acquisition of ADM’s chocolate operations, but the move is risky in the volatile cocoa economy, says an analyst....

Commission ups CAP budget by €30m to alleviate Russian ban on EU agri products

The European Commission says it will increase its €60m Common Agricultural Policy (CAP) budget by a further €30m to ease market difficulties expected as a result of Russian measures against some European...

News in brief

Vietnam opens market to Irish pigmeat imports

Veterinary authorities in Vietnam have given the green light to the importation of fresh and frozen pork meat from Ireland.

Repackaging costs? Remember the cost of lost consumer confidence, says BEUC meat origin campaign

Industry should put less emphasis on the cost of relabelling and remember the cost of plummetting consumer confidence, according to a European Consumer Organisation (BEUC) campaign to extend mandatory meat...

FAO warning: Ebola outbreak threatens cereal production in West Africa

The Ebola Virus Disease (EVD) outbreak has threatened upcoming cereal harvests across Liberia, Sierra Leone and Guinea, says the Food and Agriculture Organization (FAO) as it issues a ‘grave food...

Unilever-Solidaridad supply chain partnership grows from sugar to gherkins

A Unilever agreement with Solidaridad is set to extend supply chain sustainability beyond the usual suspects of tea and cocoa to vegetables like gherkins.

Will Russian embargo impact whey and lactose prices?

While the impact of the Russian embargo on whey and lactose exports is “limited”, the price of these ingredients will likely be affected, says 3A Business Consulting. 

Chocolatiers offered ‘some release’ as ICCO extends cocoa surplus

The International Cocoa Organization (ICCO) has revised its estimate for the 2013/14 cocoa season and now expects a slightly larger supply surplus.

Meat industry in Lithuania suffers heavy losses over ASF and Russian sanctions

Meat producers in Lithuania have reported heavy losses due to the continuing spread of African swine fever (ASF) and the sanctions on meat supplies to Russia.

10,000 new food and drink jobs on cards, says Bank of Scotland

Investment and growth in Scotland’s food and drink sector will see around 10,000 new jobs created in the region, according to a Bank of Scotland report just a month before...

EC announces emergency support for Russian embargo hit dairy sector

The European Commission (EC) will provide Private Storage Aid (PSA) for butter, skimmed milk powder (SMP), and certain cheeses to "alleviate" the impact of the Russian embargo on European Union...

Extraction technology from Phytonext could help reduce food waste and lower food and cosmetics prices

A botanical extract technology focusing on essential oils from citrus peel could help cut cosmetics and food prices as well as reduce food waste, the firm behind it is claiming....

UK malnutrition on the rise, report finds

BBC findings suggest malnutrition is on the rise in the UK; a trend that could be due to insufficient education about balanced diet and hefty price tags on healthy food,...

Data Blog: The figures behind Russia’s food ban

Russian sanctions could cost EU industry more than €5 billion in exports

In this data blog FoodNavigator takes a look at the trade figures behind the recent Russian trade sanctions - to reveal which countries and categories will be worst hit, and...

‘Sin taxes’ are regressive and impose middle class values on the working class: Economist

‘Sin taxes’ as a strategy to curb consumption of foods high in salt, fats and sugar are regressive and disproportionately costly for businesses and consumers, according to an economist from...

If France moves towards US-style class actions, innovation will be stifled: Lawyer

Plans to expand the scope of class actions in France could be part of a wider trend towards group claims of damages to health as seen already in the US,...

Pectin prices: Tight supply and high raw material costs lead to price rise for Andre Pectin

DSM subsidiary Yantai Andre Pectin Co. has announced price increases of between 10 and 30% for its complete pectin portfolio in response to 'tremendous cost increases' caused by tight supply...